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Mining

High-grade gold found near Kensington Mine

The Kensington Mine, located northwest of Juneau, recently announced the discovery of high-grade gold. It was found in a historic mining vein called Jualin near the active site. “There’s an adage in the mining industry, you know the best place to look for a mine is near a mine,” says

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Canadian wins right to sue Silvercorp over ‘false imprisonment’ in China

A Canadian man who spent years behind bars in China has won the right to sue Vancouver-based Silvercorp Metals (TSE, NYSE:SVM) for allegedly conspiring with Chinese authorities to have him arrested and detained. The B.C. Supreme Court, Canadian Press reports, rejected a bid by the miner to have Kun Huang’s allegations

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Anglo Asian’s Azerbaijan gold production up by 52 pct in Q1 y/y

Azerbaijan’ top gold producer, Anglo Asian Mining Plc, increased its output by 52 percent to 17,193 ounces in the first quarter of 2015 and set a target of 70,000 to 75,000 ounces for the whole year. The company increased its gold output by 16 percent to 60,285 ounces in 2014,

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Hecla confirms Troy Mine must close

The future owners of the Troy Mine confirmed its closure Monday, while committing to move forward on the nearby Rock Creek Mine in northwest Montana. “We don’t want to give people unreasonable expectations,” Hecla Mining Co. vice president Luke Russell said during a visit to Missoula. “We are moving into

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Kyrgyz prime minister says 50/50 joint venture with Centerra Gold may not be in country’s interests

During an interview, the prime minister of the Kyrgyz Republic suggested that the restructuring of the Kumtor Project as a 50/50 joint venture between Centerra Gold (TSX:CG) and his country might not be in the interests of his country. According to Centerra Gold, the prime minister also said that nationalization of

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Newmont Mining says will build new Nevada gold mine

Newmont Mining Corp will go ahead with building the first phase of its Long Canyon gold mine in Nevada, the company, the biggest U.S.-based gold miner said on Wednesday. The first phase, which consists of an open pit mine and heap leach operation, is expected to produce between 100,000 ounces

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McEwen Mining Reports Robbery of Gold From Mexican Mine

McEwen Mining Inc. on Tuesday reported the robbery of about 7,000 ounces of gold from a mine in Mexico, resulting in a loss that won’t be fully covered by the company’s insurance policy. The Toronto-based miner said the robbery occurred Tuesday at its El Gallo 1 mine in Sinaloa, Mexico.

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Barrick Gold must face U.S. lawsuit over mothballed mine

Barrick Gold Corp has lost its bid to dismiss a U.S. lawsuit that accuses the world’s largest gold producer of concealing problems at a troubled South American mine and of fraudulently inflating the company’s market value by billions of dollars. U.S. District Judge Shira Scheindlin in Manhattan ruled on Wednesday

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Semafo outlines 1.1m oz gold at Burkina buy

Shares of Semafo Inc (TSE:SMF) bounced around on Tuesday, after the company announced the initial resource estimate for the recently acquired Natougou gold deposit in Burkina Faso. Semafo opened strong but turned negative midday as the gold price retreated and investors digested the NI 43-101 compliant estimate that showed indicated

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B.C. Gold mine approval first since Mount Polley disaster

The B.C. government has approved Pretium’s $450-million Brucejack gold mine, the first mine approved since the collapse of the Mount Polley mine tailings dam last year. Construction of the mine, about 275 kilometres northwest of Smithers, is expected to begin this summer and it is to be in commercial production

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African Thunder restarts Smokey Hills

The troubled Smokey Hills mine once owned by Platinum Australia has been restarted by African Thunder Platinum, which is owned by Canada’s Aberdeen International and Pala Investments. Macquarie Bank will soon become a shareholder in African Thunder, which will own 69.75% of the Smokey Hills mine and concentrator nestled in

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Santacruz Silver Resumes Operations at Rosario Mine

Santacruz Silver Mining (TSXV:SCZ) is back in business after officially announcing that it’s received approval from Mexican environmental regulatory authorities PROFEPA and SEMARNAT to resume operations at its Rosario mine. The company was forced to shut down the mine in January after a pipeline connecting the tailings impoundment to a secondary

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Chile Supreme Court Sides With Barrick Gold, But Is It Too Little Too Late?

Having one of the world’s largest undeveloped gold deposits in your portfolio really doesn’t do you any good if you can’t ever develop it. A Chilean environmental court ruling may help Barrick Gold (NYSE: ABX) avoid that fate. A lofty goal High in the Andean mountains straddling the border between

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Anglo American and Atlas Copco to Test New Underground Mining Technology

The mining industry continues to push the seams of innovation. Mining company Anglo American and Swedish mining equipment manufacturer Atlas Copco have reached the proof-of-concept testing stage for a new mining technology that will improve the process of extracting ore from underground hard rock mines. The test trials are scheduled to begin

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Irish gold mine could yield more than €150m

Exploration company Conroy Gold yesterday reported that it has found further evidence of high grade gold at its drilling site in Clontibret in Co Monaghan. The firm said that results from its initial drilling uncovered grades of up to 25.29 grams per tonne. Conroy Gold’s chairman, Professor Richard Conroy, said

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